Reading the report into banking doesn't bode well for divvys. I was reading about the report last night and watched Banks are held mostly by self managed funds who are usually quick off the ball to move. I would think that raising capital requirement and the reliance on the housing market would make you careful. Personally if I was into divvies I would rebalance into TLS rather than banks.
Murray is very measured and sensible, he is careful with his words. He is also the last banker to work for low salary - money and salary was never important to him personally. From my following him over years he is a genuine person who want the best for Australia and very kind.
I respect his ideas greatly.
